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I would suggest that we use 5% of the bailout money to endow the Banks of England, which would be established in the counties and cities of England a… - Maurice Glasman, Baron Glasman
" "I would suggest that we use 5% of the bailout money to endow the Banks of England, which would be established in the counties and cities of England and would be constrained to lend within the county or city. The principal of the endowment would be in trust to the people of that county or city, in perpetuity so that it could not be liquidated by its members, and the balance of power in its corporate governance will be held by a third being held by the Bank of England, a third by its workforce and a third by the civic institutions of the locality. These newly constituted ‘Banks of England’ are one of the essential feature of Blue Labour statecraft built upon endowment and institution building.
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About Maurice Glasman, Baron Glasman
Maurice Glasman, Baron Glasman (born 8 March 1961) is an English political theorist, academic, social commentator, and Labour life peer in the House of Lords. He is a senior lecturer in Political Theory at London Metropolitan University and Director of its Faith and Citizenship Programme. He is best known as a founder of Blue Labour, a term he coined in 2009.
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Alternative Names:
Maurice Mark Glasman, Baron Glasman
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Maurice Glasman
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Maurice Mark Glasman
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Lord Glasman
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Additional quotes by Maurice Glasman, Baron Glasman
Old Labour’s international solidarity did not require the abandonment of the national democratic inheritance. But today’s left-liberals simply do not understand the traditional commitment to earning and belonging. This puts them at odds with how people understand themselves. We are beings with a tendency to attachment; in order to be open to the environment our bodies must also be closed; and in physics, atoms have a tendency to cluster. And yet in politics an ultra-liberal ideal developed that belonging, attachment and sociability, reinforced by institutions, should be replaced by the almost unmediated movement of people through space.
The list of characteristics of the good life suggested by Lord Skidelsky include neither work nor politics and that indicates that there is a problem with understanding power. Part of a good life is not to be dominated by the rich and the powerful and that can only be done through asserting the necessity of recognising labour as a value so that the people who do it are treated humanely and that involves the other thing that defines human beings, they can get together and change things through the power of association. Politics is part of the good life too although I can tell you it doesn’t always feel that way.
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Miliband has acted strategically in leading the changes required in the three areas over which he has control: party organisation, the policy review, and his own leadership. In party terms, there is a far stronger emphasis on leadership development, and a greater role for organisers in strengthening and brokering the relationships necessary to re-establish Labour as a vital political force in people's daily lives. This is a neglected tradition, but the old bones are beginning to walk again. And it is not just an effective ground game: organising aligns campaigning with a better political position.
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